Post #50414 by ptheland on the US Policy board

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The simplifying assumption (though unstated) in these types of hypotheticals is that your just looking at this one new tax in isolation.

Yes. The ceteris paribus problem. Ceteris is rarely paribus in the real world. There's a reason economics is called the dismal science. The results of field tests are dismal compared to the hard sciences like chemistry and physics.

--Peter

Ceteris (latin) others. As in et cetera or the ubiquitous etc.
Paribus (also latin) equal. As in parity.

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